Congress Wealth Management LLC DE Grows Stake in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Congress Wealth Management LLC DE increased its holdings in Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,047 shares of the company’s stock after purchasing an additional 6,667 shares during the period. Congress Wealth Management LLC DE’s holdings in Mitsubishi UFJ Financial Group were worth $880,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MUFG. Barclays PLC purchased a new position in shares of Mitsubishi UFJ Financial Group in the third quarter worth $752,000. Custom Index Systems LLC purchased a new stake in Mitsubishi UFJ Financial Group in the 4th quarter worth $281,000. Synovus Financial Corp boosted its holdings in shares of Mitsubishi UFJ Financial Group by 24.4% during the 3rd quarter. Synovus Financial Corp now owns 301,550 shares of the company’s stock valued at $3,070,000 after purchasing an additional 59,053 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Mitsubishi UFJ Financial Group by 41.7% during the third quarter. JPMorgan Chase & Co. now owns 258,298 shares of the company’s stock valued at $2,629,000 after purchasing an additional 75,997 shares in the last quarter. Finally, Dorsey Wright & Associates increased its holdings in shares of Mitsubishi UFJ Financial Group by 12.0% in the third quarter. Dorsey Wright & Associates now owns 403,508 shares of the company’s stock worth $4,108,000 after purchasing an additional 43,244 shares during the last quarter. 13.59% of the stock is currently owned by institutional investors.

Mitsubishi UFJ Financial Group Trading Up 0.5 %

MUFG stock opened at $14.45 on Friday. The firm has a market cap of $174.32 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.16 and a beta of 0.60. The firm has a fifty day moving average price of $13.02 and a 200 day moving average price of $11.81. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.92 and a current ratio of 0.90. Mitsubishi UFJ Financial Group, Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $15.03.

Mitsubishi UFJ Financial Group (NYSE:MUFG) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Mitsubishi UFJ Financial Group had a net margin of 14.19% and a return on equity of 9.27%. Sell-side analysts anticipate that Mitsubishi UFJ Financial Group, Inc. will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Mitsubishi UFJ Financial Group from a “hold” rating to a “sell” rating in a research note on Monday.

Mitsubishi UFJ Financial Group Profile

Mitsubishi UFJ Financial Group, Inc operates as the bank holding company, that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Service, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets.